cable...could be in for a nasty surprise in the 1.5500 area
daily data
35 pips by 1 close
daily data
35 pips by 1 close
Learning to read Price Action with P&F Charting
- Thread starter HolyGrail
- Start date
how did we know that the dow would breakdown ???
well...its easy
look at the trend from the breakout from april 8th
trend got taken out and we kept the stop tight
15 min data
10 pts by 1 reversal
hilo plot
well...its easy
look at the trend from the breakout from april 8th
trend got taken out and we kept the stop tight
15 min data
10 pts by 1 reversal
hilo plot
Nice job, Dentist -
Way to keep this thread alive.
MS
Way to keep this thread alive.
MS
Dow index
hourly data
which way will it break ?? or will it carry on in a range ??
hourly data
which way will it break ?? or will it carry on in a range ??
its 120 min data
not hourly
not hourly
eurusd 4 hour
shows the downtrend that started in feb
note the new minor uptrend
now ..can we find the magical spot that will support that new uptrend ??
shows the downtrend that started in feb
note the new minor uptrend
now ..can we find the magical spot that will support that new uptrend ??
because it is a very short lived uptrend ,then should look at it on a lower time input
in this case 120 min
the uptrend is marked
25 pips by 3 reversal/close plot
trendline is broken at 1.2875 area and then major horizontal support at 1.2750 area
so there, we have a couple of big areas to watch for a reaction
overhead res at 1.3150
from the second chart,we have changed box/reversal and we can see an intermediate supp at 1.2960
32 by 2 reversal
so ther you can see how we do our analysis...simple..eh
in this case 120 min
the uptrend is marked
25 pips by 3 reversal/close plot
trendline is broken at 1.2875 area and then major horizontal support at 1.2750 area
so there, we have a couple of big areas to watch for a reaction
overhead res at 1.3150
from the second chart,we have changed box/reversal and we can see an intermediate supp at 1.2960
32 by 2 reversal
so ther you can see how we do our analysis...simple..eh
go down a couple of pips on box size and see that price bounced off support
its now getting squeezed
if it breaks down then we have our supports which we talked about earlier
overhead res is easy from that minor downtrend
its now getting squeezed
if it breaks down then we have our supports which we talked about earlier
overhead res is easy from that minor downtrend
eurusd 4 hour
no horizontal resistance seen
but some trend resistance above,which has rejected the price once already,that was also a previous support/orange horizontal line
trend res goes from 1.3150 to 1.3200 area
watchin to see if the uptrend holds on thursday/possible ecb rate cut and then nfp on friday
no horizontal resistance seen
but some trend resistance above,which has rejected the price once already,that was also a previous support/orange horizontal line
trend res goes from 1.3150 to 1.3200 area
watchin to see if the uptrend holds on thursday/possible ecb rate cut and then nfp on friday